Eni SpA (Germany) Market Value
| ENI Stock | EUR 12.74 0.40 3.04% |
| Symbol | Eni |
Eni SpA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eni SpA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eni SpA.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Eni SpA on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Eni SpA or generate 0.0% return on investment in Eni SpA over 30 days. Eni SpA is related to or competes with Exxon Mobil, BP Plc, Superior Plus, Origin Agritech, INTUITIVE SURGICAL, Intel, and Reliance Steel. Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses More
Eni SpA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eni SpA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eni SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.86 |
Eni SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eni SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eni SpA's standard deviation. In reality, there are many statistical measures that can use Eni SpA historical prices to predict the future Eni SpA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.53) |
Eni SpA Backtested Returns
Eni SpA secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Eni SpA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eni SpA's Mean Deviation of 0.9319, variance of 1.51, and Standard Deviation of 1.23 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0897, which means not very significant fluctuations relative to the market. As returns on the market increase, Eni SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eni SpA is expected to be smaller as well. At this point, Eni SpA has a negative expected return of -0.13%. Please make sure to confirm Eni SpA's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Eni SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Eni SpA has good predictability. Overlapping area represents the amount of predictability between Eni SpA time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eni SpA price movement. The serial correlation of 0.72 indicates that around 72.0% of current Eni SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Eni SpA lagged returns against current returns
Autocorrelation, which is Eni SpA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eni SpA's stock expected returns. We can calculate the autocorrelation of Eni SpA returns to help us make a trade decision. For example, suppose you find that Eni SpA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eni SpA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eni SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eni SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eni SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Eni SpA Lagged Returns
When evaluating Eni SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eni SpA stock have on its future price. Eni SpA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eni SpA autocorrelation shows the relationship between Eni SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Eni SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eni Stock
Eni SpA financial ratios help investors to determine whether Eni Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eni with respect to the benefits of owning Eni SpA security.